Got my answer. Please lock when you have the time ^^.

It is convertible from Blue Nazar, so they should be worth about the same.

Nifty! do you need another item to convert or? Just wanna feed my curiosity before I get this post closed :3

I think a blue Nazar (as well as the other Fireside nazars) can be converted on their own, similar to how you can convert a good number of monthly collection items back and forth.

Okay! Thanks for your assistance.